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keel
Ledger
64,753,576
Methodology
1.0.8-draft
Age
3s

THE1 against USDC — what depth stands behind this price?

All assets

THE1 / USDC

GBGR…IEVW

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
14.02 USDC (shortened; full value 14.023343013643270657976060008227791633967391111776 USDC)Limited by liquidation depth
Depth within 5%
buy13.57 USDC (shortened; full value 13.5782211109623976850255944688 USDC)sell13.83 USDC (shortened; full value 13.838729383791721298538698280103043220180103926928 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
2 triggered5 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
20.99 USDC (shortened; full value 20.994395772241843938277987469256034650237234859164 USDC)
Highest
97.16 USDC (shortened; full value 97.164894425649678860674377070450988685701990953074 USDC)
2026-09-11T17:48:18Z — 2026-10-02T10:39:17Z
Max safe collateral
22.29 USDC (shortened; full value 22.299862279216060292690763764787004390999511667198 USDC)
498 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGH480 of 498
One holder owns most of itHOLDER_CONCENTRATION_EXTREME207 of 498

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

Concentration and wash trading bound how much of the depth is real.

Largest holder
49.9156 % (shortened; full value 49.91563037846293227598811318 %)
Top ten holders
100 %
Concentration index
4,836.55 (shortened; full value 4836.5588506077101277941799753012229574784841847927615551)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used